Rio Tinto in Talks to Buy Riversdale Mining, Telegraph Says
Rio Tinto Plc is in talks to buy Riversdale Mining Ltd. for about A$15 a share, the Daily Telegraph in the U.K. reported. Any deal to buy Australia-listed Riversdale, which has coal-mining projects in Africa, isn’t certain to be completed, the newspaper said, citing people familiar with the matter.
Riversdale shares closed at A$14.10 on Dec. 3 in Sydney.
Karen Halbert, a spokeswoman for Rio, said the company doesn’t comment on market speculation. Bill Kemmery, a spokesman for Riversdale at Sydney-based Fortbridge Consulting, declined to comment.
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